Member Info for Duncan_Thickett

This was always going to partially bounce back, the 180 to 103 drop in January was way overdone, and then the March 135 - 93 even more so.

The bottom feeders will get bored and move along eventually.

BlackRock reducing has to be bullish, the other shorters must be getting nervous.

1st April - Gladstone reduce by 0.09% to 0.57% - will soon be below the reporting threshold of 0.5%.

DT

Good news -on 1st April BlackRock reduced by 0.14% to 2.9% short, Worldqunt also reduced slightly by 0.03% to 1.08%.

Petrofac up a whole 1% today too..is the tide slowly turning?

DT

Shorts up slightly.

Worldqunt increased by 0.03% to 1.1% short overall.

Bullying short short sellers. I own 1/10000th of the company and I'm not selling a share, they can get stuffed.

Looking forward to the gap up in the morning. 110 open?

Millennium International Management - 0.62% as of March 15th.

Wouldn't it be funny if the "SFO drop Petrofac investigation" RNS came in this afternoon. ha ha ha ha ha.

You could have bought real shares today with that £2500 and got paid a double dividend!

I’m reading that the price to book value (P/B) ratio is 0.71 at 490p. So is it fair to deduce book value should currently be 700p?

Thanks. DT

Surely time for Sylebra and Gladstone to bog off!

So hopefully no negative news coverage for PFC for the next 4 months then, if at all.

Plenty of time for the SP to recover with rising OP, global vaccination kicking in and oil demand increasing as major economies begin to recover.

I think I may hold on to my 25k shared for a bit...cheers Shorties. X

Would be great to hit 130 for the first time since the Jan RNS.

Thanks SEA7. Obviously a long and complex case. If it’s a retrial, maybe no new evidence will be forthcoming and the jury can make a decision this time.

Does anyone have info on the outcome of Paul Bonds retrial, scheduled for Jan 18th at Southwark?

Just putting pieces of the puzzle together in my Sunday morning reading...

Lufkin sentencing adjournment / KBR landmark ruling / Lisa Olofsky criticism during Unaoil investigation by SFO. Fascinating reading.

FWIW I’m long with 25k shares.

So do we reckon this German web site was Fake News then?

http://www.aktiencheck.de/exklusiv/Artikel-Petrofac_Shortseller_Rye_Bay_Capital_ist_komplett_raus_Aktiennews-12532972

It is fascinating, all these shenanigans. I guess there'll be no short squeeze either.

With the results delay, short termers will move on to chase rainbows elsewhere and we can resume our slow climb back to the 170 area. No doubt the powers that be will try other underhand tactics on the way up to scare and intimidate PI's into selling and losing their hard earned cash.

PFC's corrupt former employee is sentenced next week, so lets see which way that is spun.

That’s a big call D4ve, I saw a £90k trade and a £110k trade go through which I guess were yours. Good luck.

My opinion is that today’s volume is tiny and this is down a couple of % on general low sentiment. I’m holding as this can ping north at any time.

* would not

Just FYI, Engadine have been shorting PFC since 2019, when the price was north of a fiver, and they’ve never gone above 1% short. I would read too much into yesterday’s relatively modest adjustment.

I really don’t see 70p coming (a 40% drop from here) unless something dramatic and unforeseen occurs. PFC has traded happily up to 670p since the SFO investigation was RNS’d in May 2017.

DT